Navegó a una página que no está disponible en español en este momento. Seleccione el enlace si desea ver otro contenido en español.

Página principal

Purchase Rate Assumptions and APR Information

                    Print

Today's purchase rates are based on the purchase of a single-family, primary residence and a 60-day interest rate lock-in period.

Conforming and FHA Loans

as of 02/27/2015 10:15 AM Eastern
  30-Year Fixed Rate 30-Year Fixed-Rate FHA 15-Year Fixed Rate
Interest Rates 4.000% 3.750% 3.375%
APR 4.025% 4.771% 3.481%
Payment Term 30 yrs 30 yrs 15 yrs
Closing Costs $3,984 $8,229 $4,932
Loan Amount $200,000 $200,000 $200,000
Down Payment 25.0% 3.5% 25.0%
Upfront Mortgage Insurance Premium n/a $3,500.00 n/a
Monthly Principal & Interest Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$955.00 $1,082.00 $1,418.00

Larger Loan Amounts in Eligible Areas – Conforming and FHA.

as of 02/27/2015 10:15 AM Eastern
  30-Year Fixed Rate 30-Year Fixed-Rate FHA
Interest Rates 4.125% 3.750%
APR 4.125% 4.745%
Payment Term 30 yrs 30 yrs
Closing Costs $2,184 $14,724
Loan Amount $500,000 $500,000
Down Payment 25.0% 3.5%
Upfront Mortgage Insurance Premium n/a $8,750.00
Monthly Principal & Interest Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$2,423.00 $2,707.00

Jumbo Loans – Amounts that exceed conforming loan limits

as of 02/27/2015 10:15 AM Eastern
  30-Year Fixed Rate
Interest Rates 3.875%
APR 3.891%
Payment Term 30 yrs
Closing Costs $6,855
Loan Amount $750,000
Down Payment 25.0%
Upfront Mortgage Insurance Premium n/a
Monthly Principal & Interest Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$3,527.00

Conforming and FHA Loans

as of 02/27/2015 10:15 AM Eastern
  7/1 ARM 5/1 ARM FHA
Interest Rates 3.250% 3.250%
APR (may increase after loan closing) 3.096% 3.514%
Payment Term 30 yrs 30 yrs
Closing Costs $4,672 $8,146
Loan Amount $200,000 $200,000
Down Payment 25.0% 3.5%
Upfront Mortgage Insurance Premium n/a $3,500.00
Initial Monthly Principal & Interest Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$870.00 $1,026.00
Time Initial Rate is Fixed 7 yrs 5 yrs + 2 months
Adjustment after Initial Period Expires Annual Annual
Maximum Lifetime Caps Over/Under Original Rate 5% 5%
First Adjusted Interest Rate 2.875% 2.250%
First Adjusted Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$838.00 $918.00
Fully Indexed Interest Rate 2.875% 2.000%
Fully Indexed Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$838.00 $893.00

Larger Loan Amounts in Eligible Areas – Conforming and FHA.

as of 02/27/2015 10:15 AM Eastern
  7/1 ARM
Interest Rates 3.500%
APR (may increase after loan closing) 3.187%
Payment Term 30 yrs
Closing Costs $5,805
Loan Amount $500,000
Down Payment 25.0%
Upfront Mortgage Insurance Premium n/a
Initial Monthly Principal & Interest Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$2,245.00
Time Initial Rate is Fixed 7 yrs
Adjustment after Initial Period Expires Annual
Maximum Lifetime Caps Over/Under Original Rate 5%
First Adjusted Interest Rate 2.875%
First Adjusted Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$2,108.00
Fully Indexed Interest Rate 2.875%
Fully Indexed Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$2,108.00

Jumbo Loans – Amounts that exceed conforming loan limits

as of 02/27/2015 10:15 AM Eastern
  7/1 ARM
Interest Rates 3.250%
APR (may increase after loan closing) 3.054%
Payment Term 30 yrs
Closing Costs $5,725
Loan Amount $750,000
Down Payment 25.0%
Upfront Mortgage Insurance Premium n/a
Initial Monthly Principal & Interest Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$3,264.00
Time Initial Rate is Fixed 7 yrs
Adjustment after Initial Period Expires Annual
Maximum Lifetime Caps Over/Under Original Rate 5%
First Adjusted Interest Rate 2.875%
First Adjusted Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$3,142.00
Fully Indexed Interest Rate 2.875%
Fully Indexed Payment
(Excludes taxes and hazard insurance; total payment will be higher)
$3,142.00

Important disclosures, payments, assumptions and APR information

General Disclosures

  • Information displayed is accurate as of the date of the latest update and is subject to change without notice. Loan pricing can only be locked through a home mortgage consultant. Other restrictions may apply.
  • Due to various federal, state and local requirements, certain products may not be available in all areas.
  • The monthly payment amount displayed includes principal, interest and any required mortgage insurance. The payment amount does not include homeowner's insurance or property taxes which must be paid in addition to your loan payment.
  • The displayed Annual Percentage Rate (APR) for the loan products shown reflects the interest rate and applicable closing costs.
  • Mortgage interest rates shown are based on a 60-day rate lock period. Under certain circumstances, a 60-day rate lock may not be available.
  • These mortgage rates are based upon a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing.
  • THE ESTIMATED TOTAL CLOSING COSTS ABOVE DO NOT CONSTITUTE AND ARE NOT A SUBSTITUTE FOR THE GOOD FAITH ESTIMATE (GFE) OF CLOSING COSTS THAT YOU WILL RECEIVE ONCE YOU APPLY FOR A LOAN. The amounts provided above for Estimated Total Closing Costs, are estimations based on the state selected. This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary, and may include city, county or other additional fees and costs.
  • Adjustable Rate Mortgages (ARMs)

  • Interest rates and payments may increase after consummation. After the initial fixed period, your interest rate can change annually according to the market index. Any change may significantly impact your monthly payment. Since the index in the future is unknown, the First Adjusted Rate and Payments displayed are based on the current index plus the margin (fully indexed rate) at time of scenario/disclosure.
  • For conforming and jumbo ARM interest rates, at adjustment your new mortgage rate will be the average of the Interbank offered rates for one-year, U.S. dollar-denominated deposits in the London market (LIBOR) as published in The Wall Street Journal, plus a margin of 2.25% subject to annual and lifetime adjustment caps.
  • For FHA ARM interest rates, at adjustment your new mortgage rate will be the average weekly yield on Treasury securities adjusted to a constant maturity of one year, plus a margin of 1.75%, subject to annual and lifetime adjustment caps.
  • FHA

  • FHA loans require both an upfront and in most cases, an annual mortgage insurance premium. The premium varies based on the individual loan characteristics. In many instances, you may find FHA to be a more expensive financing option and should be considered after thoroughly evaluating all other product options that meet your credit qualifying and financial needs. For illustrative purposes on FHA loans, our loan detail results include an estimated mortgage insurance payment added to the monthly principal and interest payment.
  • Jumbo

  • Jumbo rates reflect a discount for having a Wells Fargo personal or small business checking or savings account and using Wells Fargo's Preferred Payment PlanSM options, which includes a requirement that the borrower agree to monthly payments via preauthorized electronic funds transfer. Jumbo rates are higher for borrowers who do not meet these criteria, but otherwise qualify for a Wells Fargo jumbo mortgage loan product. Limitations apply. Please contact us with any questions.
  • The percentage of an amount of money which is paid for its use for a specified time.

    A yearly percentage rate that expresses the total finance charge on a loan over its entire term. The APR includes the interest rate, fees, points, and mortgage insurance, and is therefore a more complete measure of a loan's cost than the interest rate alone. The loan's interest rate, not its APR, is used to calculate the monthly principal and interest payment.

    Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally purchase first mortgages up to loan amounts mandated by Congressional directive.

    A mortgage that is backed by the Federal Housing Administration (FHA). Along with VA loans, an FHA loan will often be referred to as a government loan.

    In federally designated metropolitan areas, conventional and FHA loan limits have been increased to assist homebuyers.

    A loan that exceeds Fannie Mae's and Freddie Mac's loan limits. Also called a non-conforming loan.

    The first adjusted interest rate is an estimate of the interest rate that may be charged on the loan when it first adjusts at the end of the fixed-rate period. Since future rates cannot be predicted, it is calculated by adding the current index rate to the margin (subject to the first adjustment cap).

    The new estimated monthly payment due when the interest rate on adjustable-rate mortgage is reset. After the initial fixed-rate period, your interest rate can increase or decrease annually according to the market index. Any change may significantly impact your monthly payment.

    The fully indexed interest rate is equal to the margin plus the index (an economic indicator used to determine changes in the interest rate.

    The amount of the principal and interest payment calculated when using the fully indexed rate.

    The number of days before a loan closing in which a customer's loan is protected from financial market fluctuations in interest rates. Locking in an interest rate range doesn't guarantee the specific rate that applies at closing. The final interest rate is determined by specific transaction characteristics and the borrower's credit history up until loan closing.